#237 earning power

Can one’s earning power reflect how capable a person is in management of a corporation? Is one’s earning the gauge of his capability in running for offices in politics?

Recently theonlinecitizen.com posted that the Singapore Prime Minister gets $2.7 million per annum, topping the list of being the highest paid politician in the world — the US President, a token sum of $400K and many of the Western counterparts get much less!

You see in the West, if one wants to run for the top job in politics, one needs to be a millionaire first but in the Singapore context — if one  wants to be a millionaire, then join the existing political party and of course after stringent scrutiny on qualifications to office.

The rationale to reward high salaries to the governing leaders in Singapore is to attract good and able people into governance and to prevent leaders from using illegal means and ways of accumulating one’s wealth!

Mind you, Singapore is a tiny state to govern by contrast to the US or UK or France!

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